Armenia recorded a trade deficit of 189.20 USD Million in August of 2019. Balance of Trade in Armenia averaged -174.11 USD Million from 2003 until 2019, reaching an all time high of -33.98 USD Million in August of 2003 and a record low of -365.35 USD Million in December of 2008.

Balance of Trade in Armenia is expected to be -219.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Armenia to stand at -211.80 in 12 months time. In the long-term, the Armenia Balance of Trade is projected to trend around -211.40 USD Million in 2020, according to our econometric models.

Armenia Balance of Trade
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-25 08:00 AM Balance of Trade May $-186.8M $-200M $-242M
2019-07-25 08:00 AM Balance of Trade Jun $-215.6M $-188.9M $ -176M
2019-08-26 08:00 AM Balance of Trade Jul $-220.3M $-207.4M $-232M
2019-09-25 08:00 AM Balance of Trade Aug $-189.2M $-198.8M $-246M
2019-10-25 08:00 AM Balance of Trade Sep $-189.2M $ -219M
2019-11-25 08:00 AM Balance of Trade Oct $-212M
2019-12-25 08:00 AM Balance of Trade Nov $-302M


Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -189.20 -198.80 -33.98 -365.35 USD Million [+]
Current Account -278.84 -270.98 74.31 -511.22 USD Million [+]
Current Account to GDP -6.60 -2.40 -2.20 -22.00 percent [+]
Exports 239.60 238.20 239.60 34.21 USD Million [+]
Imports 428.80 437.00 502.30 78.72 USD Million [+]
External Debt 11472.66 11078.96 11472.66 1155.60 USD Million [+]
Capital Flows -113.70 -204.40 99.30 -693.70 USD Million [+]
Gold Reserves 0.00 0.00 1.40 0.00 Tonnes [+]
Terms Of Trade 97.60 99.60 140.50 62.40 Index Points [+]
Terrorism Index 1.69 2.37 2.37 0.00 [+]
Tourist Arrivals 161308.00 61268.00 164663.00 511.00 Thousand [+]
Remittances 343.70 253.74 742.69 98.05 USD Million [+]
Foreign Direct Investment 56.60 34.60 425.89 -67.57 USD Million [+]


Armenia Balance of Trade

Armenia’s foreign trade is limited due to landlocked location and border disputes with Turkey to the west and Azerbaijan to the east. As a result Armenia usually reports high trade deficits. Armenia’s main exports are metals and precious stones followed by energy, beverages, and vegetables and fruit. Armenia mainly imports oil, natural gas, cereals, rubber manufactures, cork and wood, and electrical machinery. Armenia’s main trading partners are Russia, Germany, Iran, the United States, China, Ukraine and Turkey . This page provides the latest reported value for - Armenia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Armenia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-189.20 -198.80 -33.98 -365.35 2003 - 2019 USD Million Monthly




Country Last Previous
Argentina 1744.00 Sep/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -122.98 Sep/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -3984900.00 Aug/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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